Head of Pars Oil and Gas Company’s Reservoir Engineering Department Ehsan Mohammadi pointed out that the company is currently producing 400 million cubic meters of gas adding “the amount will reach the stunning amount of 800 million cubic in near future.”
Stating that 64 billion dollars have been spent for production of this amount of gas as well as on the implemented projects, Mohammadi said “during a conference, foreign investors will be introduced to four of the company’s oil fields; namely, North Pars, Golshan, Ferdows and South Pars.”
The official deemed developing the South Pars Oil stratum as the first project to be proposed to foreign companies; “being a joint field with Qatar, South Pars stratum is located in the giant South Pars field in the center of the Persian Gulf at a distance of 130km off the coast of Iran,” he explained.
The official underlined that the field mainly consists of carbonate reservoirs asserting “on the basis of data gathered form four descriptive wells, four proven areas in terms of oil production have been discovered dubbed as A1, A2, B and C.”
Mohammadi estimated the total amount of oil in place of the field to be somewhere between 1.5 billion to 4 billion barrels in three different formations with an API of 21.
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